FinMin urges banks to deploy RBI MuleHunter AI to crush cyber fraud and mule accounts

Real time intelligence sharing could expose mule networks

Financial Services Secretary M Nagaraju urged banks to adopt the RBI’s MuleHunter AI tool to tackle financial cyber fraud and mule accounts. The meeting reviewed rising digital fraud trends and stressed tighter coordination between law enforcement and banks, including real-time intelligence sharing, to detect suspicious activity faster and better protect customers.